(Bloomberg) — Abercrombie & Fitch Co. beat analysts’ sales expectations for the sixth consecutive quarter, but it wasn’t enough to impress investors who have grown accustomed to the ’90s fashion comeback. Most Read from Bloomberg The retailer said comparable sales rose 18% in the second quarter, exceeding the 15% growth that analysts had projected. The … Read more
(Bloomberg) — Global equities edged higher ahead of a key earnings release from Nvidia Corp., the $3 trillion stock at the forefront of the global artificial intelligence frenzy. Most Read from Bloomberg Seen as a barometer for AI spending across much of the technology industry, Nvidia is expected to project revenue growth of more than … Read more
(Bloomberg) — Markets are waiting with bated breath for Nvidia Corp.’s results, with US equity futures little changed and shares trading in tight ranges from Asia to Europe. Most Read from Bloomberg The world’s most influential stock is expected to set the tone for risk assets when it reports after the market close in the … Read more
(Bloomberg) — Super Micro Computer Inc. shares fell on Tuesday after Hindenburg Research said it’s short the maker of server equipment, which became a tech-market darling as a major beneficiary of the boom in artificial intelligence. Most Read from Bloomberg The stock fell as much as 8.7% after Hindenburg Research’s report, though it pared much … Read more
(Bloomberg) — US inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending is seen indicating that the central bank has been successful at keeping the expansion intact. Most Read from Bloomberg Economists see the personal consumption expenditures price index excluding food and energy … Read more
(Bloomberg) — Jerome Powell’s most decisive signal yet that his inflation-fighting mission has been accomplished has helped restore order to markets that only three weeks ago were engulfed in the worst upheaval since the pandemic. Most Read from Bloomberg Now the return to calm is creating new riches on Wall Street — and boosting the … Read more